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Rivian Automotive, Inc. logo

Rivian Automotive, Inc. Business Segments

Business, geographic, and product segment breakdowns

Rivian Automotive, Inc. generates $5.5B in annual revenue across 2 key segments: Automotive (-$586.0M), and Software and Services ($643.0M). The company-wide operating margin is -68.94%. Based on the Q1 2026 filing.

Automotive (TTM)-$586.0MSoftware and Services (TTM)$643.0M
Latest FilingQ1 2026
Report Date2026-04-30
Market Cap$20.9B
ROE-65.99%

Products & Services

Total cost of revenues

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Automotive$830M$1.3B$1.3B$898M$970M—
Software and services$204M$247M$262M$268M$292M—

Total revenues (Note 3)

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Automotive$922M$927M$1.1B$839M$908M—
New electric vehicles$764M$924M$1.1B$810M$850M—
Regulatory credits$159M$7M$1M$30M$59M—
Software and services$318M$376M$416M$447M$473M—

Total revenues (Note 4)

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Software and services$317M$376M$416M$448M$472M—

Capital shares reserved for future issuance

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Start of Production Milestone Payments$62.5M$62.5M$62.5M$62.5M$250M—
Testing Milestone Payments$250M$250M$250M$250M——

Receivable, contingent on milestone achievement

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Start of Production Milestone Payments———$460M$460M—
Testing Milestone Payments———$1B——

Total deferred revenues

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Start of Production Milestone Payments$210M$210M$210M$210M$210M—

Exercise price (in USD per share)

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Subscription and Circulation————$0.00—

Maximum aggregate milestone payments

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Subscription and Circulation————$950M—

Remaining milestone payments, number

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Subscription and Circulation————4.00—

Share price (in dollars per share)

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Subscription and Circulation————$15.34—

Subscription agreement, amount, subject to satisfaction of closing conditions

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Subscription and Circulation————$300M—

Price per share (in dollars per share)

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Testing Milestone Payments—————$15.90

Proceeds from stock-based compensation programs

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Testing Milestone Payments—————$1B

Business Segments

Gross Profit

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Automotive$92M-$335M-$130M-$59M-$62M—
Software and Services$114M$129M$154M$179M$181M—

Total cost of revenues (Note 4)

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Automotive$830M$1.3B$1.3B$898M$970M—
Software and Services$204M$247M$262M$268M$292M—

Total revenues (Note 4)

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Automotive$922M$927M$1.1B$839M$908M—